Prices have inflated so much over the past 10 years that a $20 bill buys as much as $5 did back then.

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[–] -1 points 7 months ago* (last edited 7 months ago) (6 children)

Doubtful, considering money back then was pinned to something like gold or silver.

Some excellent points in the replies. I withdraw my statement!

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  • [–] 7 points 7 months ago (2 children)

    Are you under the impression that this prevented inflation somehow?

    Spoiler: it didn't.

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  • [–] 2 points 7 months ago* (last edited 7 months ago) (2 children)

    The US went off the gold standard in 1971 and OP is talking about 10 years ago, so 2016.

    Disregard. The commenter is referring to the 100 or so years ago.

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